Over the last year, property investments in Cooktown, 4895 have given investors a capital gain of 8.77%. This compares favourably with the 2.51% for QLD as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Cooktown comes in at number 346th in QLD.
The most recent median price for Cooktown is $310000, with sellers offering an average of -12.28% off the asking price.
In the last year 36 properties changed hands in Cooktown, which puts it as the 540th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 2.12%, investors should hope to achieve an overall return of 5.87%